Saturday, July 10, 2010

In Business Week magazine, Andy Grove, founder of Intel, describes what really ails America: lack of manufacturing jobs. He also puts to rest Mr. Friedman's bizarre notion that more high tech startups are the solution:

From Andy Grove: How America Can Create Jobs

"New York Times columnist Thomas L. Friedman recently encapsulated this view in a piece called "Start-Ups, Not Bailouts." His argument: Let tired old companies that do commodity manufacturing die if they have to. If Washington really wants to create jobs, he wrote, it should back startups.

"Friedman is wrong. Startups are a wonderful thing, but they cannot by themselves increase tech employment. Equally important is what comes after that mythical moment of creation in the garage, as technology goes from prototype to mass production. This is the phase where companies scale up. They work out design details, figure out how to make things affordably, build factories, and hire people by the thousands. Scaling is hard work but necessary to make innovation matter."

No One Ever Said It Better

John Kenny in the New Yorker takes a dig at that self anointed expert in Middle Eastern affairs: No One Ever Said It Better Its pretty funny, too.

Sunday, May 9, 2010

Root Canal Politics

Well, thought others would be doing the job, but I can't resist ranting about the latest Tom Friedman absurdity. And the top newspaper in the country publishes this nonsense on a Sunday! In Root Canal Politics the upshot is that after the WWII "i.e. 'Greatest') generation, their spoiled children squandered their inheritance, and now have built up debts to be paid for by their children. Tom's response? Sacrifices must be made. But by who, Tom? Surely not the indebted generations coming up right now. Do you mean the baby boomers? How will this work, now that they are retiring?

I have different perspective on this. How about the trillion dollar wars in the middle east? Or the trillion dollar tax cuts for the wealthiest Americans? Or the trillion dollar bank bailout? That's $3 trillion of squander in the last few years. My math tells me this is $10,000 per person in the USA. And this says nothing of the bloated defense budget or the many recent tax dodges by big corporations and the ultra wealthy. Let's call it $20,000 per person. Seems like a good start at 'sacrifice', without any root canals.

Really, where do you get this stuff, and how do you get people to pay you for it?

Sunday, February 21, 2010

The Fat Lady Has Sung

In his most recent article, The Fat Lady Has Sung Tom Friedman tells us how a community in California is charging $300 for an emergency 911 call. He thinks this is the future due to the 'lean years' we will be experiencing due to our previous decades of excess. So, 911 calls for emergencies were excesses we all enjoyed?

No mention of the drastic shift in the tax burden away from corporations and the wealthy in recent decades. Nor the ongoing abuse of American by insurance, banking and energy companies. There has been excess, but it hasn't been by the vast majority of Americans. But (to use another trite phrase) we'll see who has to pay the piper. At this point it looks like the abuse will go on, and the middle class will continue to get the squeeze. Particularly if people read and believe the nonsense of people like Mr. Friedman.